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BIT 163 INTRODUCTION TO  ACCOUNTING CHAPTER THREE
Books of original entry and ledgers ,[object Object],[object Object],[object Object],[object Object]
Books of original entry and ledgers ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
JOURNAL General Journal -use to record the transactions that cannot recorded in special journal. -some of the main uses of journal are listed below: The purchase and sale of fixed assets on credit The correction of errors Writing off bad debts Opening entries Transactions such as drawings, additional capital by owner Adjustment of balance day
Format of General Journal           Credit  (Cr) Debit  (Dr) Folio Details Date General Journal
Explanation ,[object Object],[object Object],[object Object],[object Object],[object Object]
Special Journal ,[object Object],[object Object],[object Object],[object Object]
Example of Purchase Journal           Amounts Folio Invoice No Details Date Purchase Journal
Purchase Journal ,[object Object],[object Object],[object Object],[object Object]
Sales Journal ,[object Object],[object Object],[object Object]
Example of Sales Journal           Amounts Folio Invoice No Details Date Sales Journal
Explanation of Sales Journal  ,[object Object],[object Object],[object Object],[object Object],[object Object]
Return Outwards Journal ,[object Object],[object Object],[object Object],[object Object]
Format of Return Outwards Journal           Amounts Folio Debit Notes No Details Date Return Outwards Journal
Explanation of Return Outwards Journal ,[object Object],[object Object],[object Object],[object Object],[object Object]
Return Inwards Journal ,[object Object],[object Object],[object Object]
Format of Return of Inwards Journal           Amounts Folio Debit Notes No Details Date Return Inwards Journal
Explanation of Return Inwards Journal ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
CASH BOOK ,[object Object],[object Object],[object Object],[object Object]
Two column Cash Book                     Bank Cash  F Details Date  Bank Cash F Details Date
Three column Cash Book                         Bank Cash Dis F Details Date Bank Cash Dis F Details Date
Three column Cash Book ,[object Object],[object Object]

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Introduction to acccounting chapter 3 new

  • 1. BIT 163 INTRODUCTION TO ACCOUNTING CHAPTER THREE
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  • 4. JOURNAL General Journal -use to record the transactions that cannot recorded in special journal. -some of the main uses of journal are listed below: The purchase and sale of fixed assets on credit The correction of errors Writing off bad debts Opening entries Transactions such as drawings, additional capital by owner Adjustment of balance day
  • 5. Format of General Journal           Credit (Cr) Debit (Dr) Folio Details Date General Journal
  • 6.
  • 7.
  • 8. Example of Purchase Journal           Amounts Folio Invoice No Details Date Purchase Journal
  • 9.
  • 10.
  • 11. Example of Sales Journal           Amounts Folio Invoice No Details Date Sales Journal
  • 12.
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  • 14. Format of Return Outwards Journal           Amounts Folio Debit Notes No Details Date Return Outwards Journal
  • 15.
  • 16.
  • 17. Format of Return of Inwards Journal           Amounts Folio Debit Notes No Details Date Return Inwards Journal
  • 18.
  • 19.
  • 20. Two column Cash Book                     Bank Cash F Details Date Bank Cash F Details Date
  • 21. Three column Cash Book                         Bank Cash Dis F Details Date Bank Cash Dis F Details Date
  • 22.